Gold – Technical Analysis (27.11.2014)
Gold has been trading above the key $1180 for 6 days in a row now, which signals that further gains should be expected for the precious metal. Next target on the upside is the resistance at $1240. The $1180 mark More...
Gold – Technical Analysis (07.11.2014)
The breach of the $1161 support, the lower bound of the trading range, signals the beginning of another leg lower for gold. Bullion is now targeting $1085, en route to $1045. Immediate resistance is $1161. More...
Don’t get tricked by gold: it’s time to Sell, not to Buy!
I have heard recently that gold has depreciated “way too much” and “it’s time to buy”. With my respect to all professional and amateur traders and analysts, I would totally disagree More...
Gold – Technical Analysis (10.10.2014)
Gold’s slide was stopped a few dollars above the crucial $1180 support, and the precious metal is currently trading above $1120. A weekly close at current levels will result in a triple bottom formation. For More...
China may join countries boosting their gold reserves in an environment of huge holdings imbalances
China may become the next country to boost its gold reserves, having only modest amounts compared to developed economies’ holdings. China may become yet another emerging economy to increase its gold reserves. More...
Bullion heading to the lower boundary of the trading range
Expectations of an upcoming Fed interest rate hike and the slight easing of Ukraine tensions suppressed the precious metal’s price. Gold prices started drifting lower in Asian trade on Tuesday as a result of More...
